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flag Trade tensions eased in 2025, with CEO Brian Moynihan predicting de-escalation in 2026 after tariffs rose to 15%.

flag Bank of America CEO Brian Moynihan said in a December 2025 interview that trade tensions under the Trump administration are expected to de-escalate in 2026 after tariffs surged to around 15% in 2025, up from 2%. flag He noted the situation has stabilized, with higher rates applied to countries not increasing U.S. purchases or reducing non-tariff barriers. flag While China and North American trade, including the USMCA review, remain complex, Moynihan sees a potential end to the current trade conflict cycle. flag He added that labor shortages, driven by uncertain immigration policies, have become a bigger challenge for small businesses than tariffs.

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